Oil-to-chemicals business powers Reliance Industries' record quarterly net profit, up 34% to ₹29,550 crore

What happened: Reliance Industries reported record quarterly net profit, up 34% to ₹29,550 crore, with the oil-to-chemicals (O2C) business the biggest driver of earnings growth. Key numbers: Net profit ₹29,550 crore, up 34%. Revenue from operations ₹3.38 lakh crore, up 28.5%. O2C Ebitda ₹25,203 crore, up 68% from ₹15,008 crore. Why it matters: RIL said tight fuel markets, improved downstream petrochemical deltas and firm domestic demand drove O2C performance, while the CFO cited unprecedented tightness in energy markets and fuel cracks on the analyst call.

Reliance Industries reported record quarterly net profit, up 34% to ₹29,550 crore, with the oil-to-chemicals (O2C) business the biggest driver of earnings growth.

RIL said tight fuel markets, improved downstream petrochemical deltas and firm domestic demand drove O2C performance, while the CFO cited unprecedented tightness in energy markets and fuel cracks on the analyst call.